Posts tagged Nigeria

BOOK REVIEW– Smart Money Woman

Title: The Smart Money Woman
Author: Arese Ugwu
Publisher/publication date:
Matador, Troubador publishing ltd/ 2016.
Review
I didn’t know what to expect from this book, I only hoped in all sincerity that it wouldn’t bore me because at the time I picked it up, I had no patience for troublesome reads.
I had seen recommendations(not reviews) of it on the internet. My friend Chizaram gave me the e-book. If you’re interested, you can e-mail me.
It wasn’t a boring read in spite of discussing a bit of what is often considered the ‘professional stuff’ in finance. It takes the form of a light hearted fictional read. Considering the reader is aware the book isn’t for all purposes fictional, the lack of exceptional fictional narrative skills, is forgivable.
For me, it was an enlightening read.
The foreword was written by Nimi Akinkugbe, CEO BESTMAN GAMES, money matters with Nimi. She wrote:

”For many people, the subject of personal financial management can be somewhat daunting. The book presents the basic concepts of earning, budgeting, spending , borrowing, saving, investing as well as behavioural and emotional aspects of money In a personal way that makes it easy to personalize.”

This book isn’t vague about the ‘woman’ mentioned in it’s title, even though it is very well profitable to all sexes. It uses the story of a Nigerian woman, Zuri, to bring home the points.
After each chapter, there are highlighted lessons in which the concepts explored through story telling for that chapter, are discussed. Afterwards, there are exercises for the reader to carry out, for example, calculating your own net worth.
Zuri, a 28 year old senior manager at Richmond developments( a real estate firm), has good financial potentials as she earns a salary which the average Nigerian aims to earn. Regardless, Zuri discovers she is broke. This is a journey on how she climbs out of it.

”Broke means, if you lost your primary source of income today, you wouldn’t be able to maintain the lifestyle you have become accustomed to because you have no assets to rely on”

”Broke people think its about how much you earn and spend while rich people know it is about how much your are able to convert of your current earnings into an asset for the future.”

This book broaches the manner in which money is spent from the perspective of different individuals. We take a look at all four of Zuri’s closest friends together with their families and what financial strategies they employ.
It also broaches the subject of peer pressure(especially payment for aso ebi*); building an emergency fund; articulating what it is you exactly want your money to do for you in life; sacrificing comfort; having financially conscious friends with the same ideals who gear you on to financial accountability; setting boundaries in helping family relations; the impact of societal gossip; handling money fears, financial analysis; diligence at work; having a partner who understands financial success; the making of Wills in Nigeria(how it’s seen as a taboo); discussing family securities etc.
Furthermore, the role of employers and other mentors in the society is also considered; the benefit of organizational programs such as WIMBIZ (the largest and most substantial women organization that empowers working women in Nigeria).
Exploring this book, as is the same with other works of literature, you must be conscious of what you’re learning. Some other people can float through the whole experience and end up not realizing the gem of wealth in the book(perhaps just admiring Tsola).
Some of the points well scored in the book:

  • The average wealthy Nigerian has an ayeye** mentality. Upon the death of someone in the book, the family threw a big burial party despite the fact that the deceased’s will had been read and huge debts had been unraveled. Family finances must be discussed. Understand your spouse’s money personality. Is there life insurance? What are the responsibilities of each family member?
  • It teaches you that you should understand investment. Don’t just assume you’re cool because you’ve started investing. What are your investment goals and strategy? What is your risk profile? know the classes of investments that exist and very importantly, speak to an investment adviser or stockbroker.
  • As an entrepreneur, do you have financial records; balance sheet, cash flow, profit or loss statement’? or are you just shining teeth that ”hello I’m an entrepreneur”?
  • Everyone doesn’t have to be an entrepreneur.

”you know leveraging on your set skill to maximize your earning potential doesn’t have to mean starting your own business, right?”

  • What you can do to leverage your earning potential, is to maintain a habit of thinking outside the box and to have multiple streams of income. In essence, not necessarily following the herd mentality that comes from over glamorizing entrepreneurship, if that is not your thing.
  • Look beyond making money, seek to create value, to make an impact.

There’s some humour and general consideration of what it means to live in Nigeria.
I consider this book helpful in that the vibe it gives off is one of the author trying to help the reader. She goes ahead to critically explain even the downside to engaging an investment firm, what questions you should ask etc. She insists no one should dismiss your concerns. In essence, be the boss of your own money.
However, I am not wholly in support of the story’s plotline.
I rate it 4.5 out of 5 stars and I recommend it to anyone on a quest to learning on finances (and you should be!).
Excerpts:

She felt like she was no longer on a career ladder to nowhere…Zuri had discovered she was her own hero

The smart money woman has positioned herself for success. For her, improving her net worth is more important than improving her wardrobe.

”In sub-Saharan Africa, less than one percent are born into wealth, and under ten percent are born into middle class. In general, we are not taught in any formal framework, how to keep money or grow it- basic personal finance skills are difficult to learn. As a result, when a young adult starts earning more than they need to survive, they still end up living from paycheck to paycheck”

”What you deny or ignore, you delay; what you accept and face, you conquer”

”People associate the word budget with scarcity or a reduction in station in life. Therefore budget is a word they’ve come to resent. The truth is budget is something that tells you how to allocate your resources, and it should reflect what you value”

”Your network is your net worth”

”Soji and I never discussed about money without tension. At first, it was normal because that was how I grew up as well. My parents never really discussed money with us or with each other. But now with everything that is going on, I realise Its something we should have discussed even before we got married”

”The cardinal rule is when you invest; don’t invest in anything you do not understand.”

Have you read my post on Finance and perspective? What is your view on managing finances? Have you read this book? Are you interested?
* aso ebi stands for the culture of sewing the same clothes for big events
**Ayeye is a Yoruba word meaning fanfare.
As always,
Love, Debby.

Hey Beggar.

image
“Kneeling there in deep contrition”,
That’s what a line from an hymn we sing in church says
Today, I see you folded by the streets
It’s a Sunday morning
I’m not feeling up for church
You’re kneeling by the road too
Regardless of whether you’re up for it or not
We’re both ready to get what we need
Poor as we are
You, poor materially,
I,  poor in spirit
In desperate need of what only Jesus can give
Whether I feel up to it that day or not
 

BOOK REVIEW-Redeeming Love

Hello there beautiful people of the internet! how have you been? If you’re in Nigeria, how are you dealing with this premium motor spirit(until now, petrol was known as petrol for me o) at 145naira? I trust you’re standing tall in spite. Hope you still eat stew? Tomatoes are the worst hit. The price of it!
I was thinking it’s great to have a journal; it reminds you of your potentials. When you see some of your write-ups in the past, you just want to ride on.Having read previous reviews of movies and books in my journal, I thought ‘what have you been waiting for, Deborah?’. Book review it is.
Two weeks ago I completed “redeeming love”, for the second time. And then I felt like a walking contented-sigh, if you get what I mean.
Now the first time I read “redeeming love” was either in 2007 or 2008, I was in secondary school. I loved-loved it. It was the secret telepathy of we skinny teenage girls. We understood it, we understood ourselves also(well, sort of). Something precious was shared. It was my eye-opener to Francine Rivers’ books which I’ve not been doing justice to. It was pure. For a while, every time I filled a slam book I would write “redeeming love” as my best novel.
Having this book again is a delight. This time, I got other books I’ve never read along side “redeeming love”. Old love always wins out. It’s a feeling you can always bank on. Something familiar. You don’t know about the others but you know the direction in which this one is headed.
The book proved me wrong. I started it and thought ‘oh yes, I remember this scene’. Then I became confused. I thought, ‘was it always like this?’. That was the begining of a roller coaster ride.
I was open to this book, I let it read me.
The title suggests just another love story. No, it’s unique.
This book is a Christian romance. It is written from the third person point of view and its written in a semi-formal style.
As I’ve already laid, Francine Rivers is the author. The publisher is Water Brook Multnomah publishing group. Here is something remarked before the story “here at Water Brook Multnomah, we measure the success of our books by whether or not they deliver real life-change to our readers”. My copy of the e-book has 399 pages.
The story is about the blows life deals to a young woman, its effect on her, it’s effect on the people she meets and how she channels it eventually.
Life is hitting Sarah hard in the face, she’s trying to get up, it’s kicking her right in the stomach again, knocking the wind out of her.
Sarah, Michael Hosea, the Altman family and Duke were the major characters. The characters are credible, each is the perfect picture of something specific.
At the beginning we were led into little Sarah’s life. The world seemed too cruel a place for tender vulnerable Sarah. When we’re let back into her life at 18 years, she’s ruthless, branding some other people’s world.
My favourite character in the book has to be Michael. I consider him very strong. So strong. The patience he has in times of anger and frustration baffles me.
Under the mask Sarah wears, she is brutally honest and accepting of herself.
I respect Michael’s resolute determination in certain things. I admire his faith which propels him to love.
The book deals with so many themes; trust or the lack of it, man’s first experience with the church, unconditional friendship, rejection etc
My favourite part of the book will give the book away so I’m reserving it. I enjoyed the way a stranger to love slowly discovered love. I don’t think I have a least favourite part of this book neither would I change any part. Every part makes up the metamorphosis in the characters’ life.
I would recommend this book to everyone. I think just about everyone would love It, it touches on something core in our lives. Just how much of our burdens are we ready to strip off? Just how much of our lives are we ready to lay down in love?
Now I wasn’t very diligent to highlighting and getting excerpts but I got some:
A glimpse into Sarah’s life at 7:

“Sarah followed, too afraid to be left behind”
“when the other children mocked Sarah and called her mother names, she looked at them and said nothing. What they said was true; you couldn’t argue with what was true”

Other excerpts:

“they scrambled, grappled, gambled and grabbed- and everything they had was spent without thought or consideration. They paid to become enslaved”

 

“someone who will get dirt beneath her nails but doesn’t already have it in her blood”

 

“I go up to that room in hope and come out defeated”

 

“she almost laughed but she knew if she did she would give in completely to hysteria”

 

“the night sky was so clear, stars everywhere and a moon so big it seemed to be a single silver eye staring down. Her mind and emotions still boiled. She tried to call up her defenses, but they had dispersed”

 

“she just sat, wordless, back straight, head up, hands clenched in her laps as though she were going into battle instead of going home”

 

She closed her eyes tightly ” ‘you want what I don’t have. I can’t love you. Even if I was able, I wouldn’t.’
he hunkered down, took the damp blanket from her and covered her with the dry quilt ‘why not?’
‘because I spent the first eight years of my life watching my mother do penance for loving a man’ “

 

“I did it to myself . I did it to myself. mea culpa, mea culpa”

 

“God doesn’t condemn he forgives”

 

“She looked at him bleakly: ‘your kind of love can’t feel good’
‘Does your kind feel any better?’ she looked away.
He unlooped the reins. ‘right now love doesn’t have an awful lot to do with feelings‘ he said grimly
‘don’t misunderstand I’m as human as the next man. I feel alright. I feel plenty right now, a lot I wished I didn’t’ “

 

” he[Jesus] was a man of sorrows, acquainted with bitterest grief. We turned our backs on him and looked the other way when he went by. He was despised and we did not care is53:3″

 
Feel free to read my previous book reviews here and here.
What do you think? Does the book intrigue you in the slightest? Will you get it? What book are you currently reading? Your experience is not over here until you comment.
See you in a bit.
Cheap tomatoes, books, God’s love,
Debby.
 

PHOTOGRPAHY POST- frolic in yellow

image
I’ve found a new love for colour yellow and all the yellowity it embodies hence I play with mentos sweet 🙂
image
And custard 🍮

image
J'adore

You want to know what else is yellow?
image
Tid-bit advice from Amy Poehler’s book “yes please”. I might or might not review it when I’m through reading. You just learn the lesson I’m passing across here. Nobody is permitted to judge you while you’re having fun so goof away…
image
This is in UI

Great sky; great landscape. God feeds our eyes with beauty.
image
And sunset. Something melts in satisfaction inside of me when I see the perfect sunset.
This was three days ago, I saw the sunlight stream into my house from the window and I knew something magical must be going on. The front door was locked. I was unbound. I ran upstairs three times before I got the right key. The sunset was worth it. Contrary opinion? Anybody?
image
Elder sister and I made “buns”. Well… Elder sister made buns, I hopped around. We both ate it though. With all the love in our middle. (get it? Look at the picture again)
image
Someone is honing photography skills by all means.
You know you’re becoming a blogger when you want to eat an apple but you just must play with it a little. Food is meant to be snapped eaten.
image
Just to convince you there is an upcoming food photographer in the house, I present to you plain-looking-but-by-all-means-delicious-moinmoin.
By all means ignore what it looks like, I wasn’t being a foodie all this while. Many other things went down. I’ve been at home for a while now. University of Ibadan students chose a mini break for themselves☺ then the school expanded it:) the nation chose to compound it:mrgreen:. Now we don’t know when we would go back to school. Even Asuu is on strike. Everyone is on strike. #GodBlessNigeria
Finally,
image
Best advice is up there🔝. Rev2:25 ” I will ask nothing further of you; only hold tightly to what you have until I come.” (TLB). This is rather important because the world passes away and the lust thereof. Even colour yellow!
image
The girl behind the lens

Go forth, frolic, take pictures, adore yellow and hold God fast.
Love.
Debby Adebayo